BlackRock Inc. Invests $3.09 Billion in WESCO International, Inc. $WCC

BlackRock Inc. bought a new stake in WESCO International, Inc. (NYSE:WCC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,958,787 shares of the technology company's stock, valued at approximately $3,094,634,000. BlackRock Inc. owned 18.39% of WESCO International as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WCC. EverSource Wealth Advisors LLC grew its stake in shares of WESCO International by 95.6% in the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company's stock valued at $139,000 after buying an additional 368 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in WESCO International during the second quarter worth about $573,000. California State Teachers Retirement System increased its stake in WESCO International by 0.8% during the second quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company's stock worth $8,446,000 after purchasing an additional 365 shares during the period. BNP Paribas Financial Markets lifted its position in shares of WESCO International by 516.8% during the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company's stock worth $7,659,000 after purchasing an additional 34,649 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company's stock valued at $740,000 after purchasing an additional 54 shares in the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of WESCO International from $376.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Weiss Ratings raised WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Wall Street Zen cut WESCO International from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Royal Bank Of Canada boosted their price objective on WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, KeyCorp upped their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, WESCO International has a consensus rating of "Buy" and an average target price of $374.29.

Insider Activity at WESCO International

In other WESCO International news, Director Laura K. Thompson sold 270 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Castillo acquired 960 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, with a total value of $351,254.40. Following the transaction, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. This represents a 6.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.60% of the company's stock.

WESCO International Stock Down 6.4%

WCC stock opened at $349.08 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37. The company has a fifty day moving average price of $343.44 and a 200 day moving average price of $321.76.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to analysts' expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts expect that WESCO International, Inc. will post 16.82 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.50 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International's dividend payout ratio is currently 13.82%.

WESCO International Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.

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